European markets are poised for a negative start on Tuesday, with investors closely monitoring euro zone inflation data. The U.K.’s FTSE 100 is expected to drop 40 points to 8,200, Germany’s DAX is forecasted to decline by 87 points to 20,123, France’s CAC is set to fall 33 points to 7,414, and Italy’s FTSE MIB is predicted to decrease by 172 points to 34,696, as reported by IG. Traders are particularly focused on the preliminary inflation figures for December and the unemployment rate for November in the euro zone. Key earnings reports are anticipated from Next and Sodexo, alongside various data releases, including the U.K.’s Halifax house price index and inflation figures from France and Italy. Recently released German inflation data indicated a rise in the consumer price index to 2.9% in December, surpassing the 2.6% analysts had expected. Earlier in the week, European markets began positively amid speculation about U.S. President-elect Donald Trump’s potentially moderated tariff plans. In Asia-Pacific, markets performed well following gains in U.S. tech shares, although U.S. stock futures fell on Tuesday morning.
